Tag Archive | "Stock market – Europe"

France: Strikes costing up to $560 million per day (AP)

Striking employees sit next to a fire, as they block the main entrance of a waste incineration plant, in Ivry-sur-Seine, near Paris, Monday, Oct. 25, 2010. French President Nicolas Sarkozy's approval rating has sunk to its lowest level yet, a new poll says, as protests over his pension reforms left the country struggling with gas shortages, travel chaos and school shutdowns. (AP Photo/Michel Euler)AP – French Finance Minister Christine Lagarde says the country’s massive strikes are costing the economy up to euro400 million ($562 million) each day.

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Trichet says EU fiscal reform too weak for euro zone (Reuters)

Reuters – European Central Bank President President Jean-Claude Trichet said on Saturday that new European Union fiscal rules pushed by France and Germany were too weak to safeguard the euro zone.

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Greece to meet deficit goal, no need for loan extension (Reuters)

Reuters – Greece will meet its target to cut its budget deficit to 7.6 percent next year and will not need to extend the repayment of a multibillion EU/IMF loan, its finance minister told a Greek newspaper published on Saturday.

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Prosecutors: Vatican bank defying laundering laws (AP)

FILE - In this Tuesday, Sept. 21, 2010 file photo Italian financial Police officers talk to each other in front of St. Peter's square at the Vatican. A Rome court has upheld the seizure of euro23 million ($31 million) from a Vatican bank account, and the Holy See is expressing 'astonishment' over the decision. Vatican spokesman the Rev. Federico Lombardi says the Holy See 'learned of the ruling with astonishment.' Lombardi said Wednesday, Oct. 20, 2010 that Vatican bank officials maintain they can clarify the matter soon. The seizure last month was based on alleged violations of Italy's laws against money laundering. Lombardi indicated that the Vatican is contending the problem is a matter of how the regulations are interpreted. (AP Photo/Angelo Carconi/File)AP – Italian prosecutors contest claims by the Vatican bank that it is trying to comply with international rules to fight money laundering, saying an investigation that led to the seizure of euro23 million ($30 million) from a Vatican bank account shows “exactly the opposite,” according to a court document obtained Friday by The Associated Press.

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5 al-Qaida suspects detained in Turkey (AP)

AP – Turkey’s state-run news agency says police have detained five people suspected of providing financial and technical support to al-Qaida in Afghanistan.

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German business confidence rises again (AP)

AP – A closely watched survey shows that German business confidence has risen for the fifth consecutive month as managers’ outlook for the next half-year brightens.

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FTSE 100 shares climb (AFP)

London shares ended the session on high note as investors digested encouraging economic data and earnings updates from the corporate sector.(AFP/Shaun Curry)AFP – London shares ended the session on high note Thursday as investors digested encouraging economic data and earnings updates from the corporate sector.

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Swedish king awards Michigan gov for clean energy (AP)

AP – King Carl XVI Gustaf of Sweden has honored Michigan Gov. Jennifer Granholm with the Order of the Polar Star for her work to promote a clean energy economy.

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Economists: Britain’s austerity plan to hit poor (AP)

In this screen grab from the House of Commons, British Chancellor George Osborne, centre,  delivers the Comprehensive Spending Review, in London. Wednesday Oct. 20, 2010. Britain's Treasury chief George Osborne says the country's government will make the largest cuts to public spending since World War II, slashing benefits and public sector jobs in a five-year austerity plan. Osborne said Wednesday he had ordered 83 billion pounds ($130 billion) in spending cuts through 2015, which he claims are necessary alongside tax increases to wipe out a spending deficit which reached 156 billion pounds last year.  At left is Britain's Prime Minister David Cameron, and at right, Deputy Prime Minister Nick Clegg. (AP Photo/PA) ** UNITED KINGDOM OUT  **AP – Britain’s poor and powerful argued Thursday over who’ll lose out most under harsh austerity measures which will slash benefits, jobs and government services in order to reduce the country’s crippling debts.

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European stocks rise (AFP)

A trader looks at computer screens where financial markets curves are scrolling in Paris, April 2010. European stock markets rose with investors digesting economic data and earnings updates, including profits from the world's top mobile phonemaker Nokia and a leap in its shares.(AFP/File/Charly Triballeau)AFP – European stock markets rose on Thursday with investors digesting economic data and earnings updates, including profits from the world’s top mobile phonemaker Nokia and a leap in its shares.

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